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Morocco seeks African Union reinstatement Moroccan protesters with posters of their king, March 13, 2016. The UN has been pushing for an independence referendum for

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Latest News

  • Business

    Taking On Wall Street’s Big 3: Carlyle Acquiring Top African Credit Ratings Agency

    Carlyle acquiring top African credit ratings agency By Dana Sanchez, 5:02 pm

    In a sign that local credit ratings are becoming more lucrative in Africa, U.S. buyout firm Carlyle agreed to become the largest shareholder in Africa’s largest rating agency. GCR rates more credits on the continent than giants Fitch, Moody’s and S&P. Growth is constrained in the present credit ratings system, said the president of the BRICS New Development Bank. The Big 3 rate over 90% of the global sovereign ratings market. GCR specializes in national-level ratings, which rely less on a country’s sovereign rating.

  • Business

    African Fintech Startups Received Most Investment Funding Of All Sectors In 2016

    African fintech startups By Dana Sanchez, 1:55 pm

    The African tech space is not immune to the economic pressures faced by other sectors, but it is proving resilient. Significantly more African tech startups raised funding in 2016 than the previous year, but the overall amount of recorded funds declined, according to a new report. Fintech startups were the winning sector, receiving the most investor funding in Africa in 2016. The economic downturn played a part in that. Fintech in Africa is different, a stakeholder said. It’s building new infrastructure rather than disrupting an existing one.

  • Athletics

    How A Top-Ranked Female Tennis Champ Became An Exercise Entrepreneur In Kenya

    By Kurt Davis Jr., 10:56 am AFKI Original

    Kenya has long been known for fantastic athletes, but not so much for entrepreneurs focused on the business of fitness. Kenya-born Saloni Kantaria Mathur ranked No. 1 in Kenyan women’s tennis and studied law in the U.S. before starting an indoor cycling studio in Nairobi. The Reform brand is unmistakably Kenyan and it’s not your average gym experience. Reform integrates live-streamed performance data tech into classes, bringing the competitive instinct into the workout. Mathur shared with AFKInsider what she learned as a female African fitness entrepreneur.

  • Agriculture

    Should US Exports To Africa Be Duty free? Opinion: Trump Will End Unilateral Trade

    By Staff, 3:53 pm

    Recently renewed by U.S. President Barack Obama, the African Growth and Opportunity Act, or AGOA, allows qualifying African countries to export certain products to the U.S. duty free. U.S. exports to Africa, however, are subject to customs duties. Incoming President Donald Trump isn’t going to go for that, says Herman Cohen, a former U.S. ambassador to several African countries. “I have the feeling that he will ask African governments to accept reciprocity in trade relations,” Cohen said.

  • Business

    Chance To Shine At World Economic Forum For South Africa’s Gordhan, Ramaphosa

    World Economic Forum 2017 By Dana Sanchez, 3:04 pm

    At the World Economic Forum, where finance ministers attract as much attention as presidents, Pravin Gordhan’s presence this week in Davos is expected to be a show of strength, leadership and survival. Gordhan was asked to be SA finance minister after a bizarre, four-day, four-finance-minister sequence of firings by President Zuma. Deputy South African President Cyril Ramaphosa is leading Team SA at WEF. Cyril could use some “sparkle on his presidential ambitions,” a commentator said. Zuma won’t be attending.

  • Business

    Despite Inequality In South Africa, African Migrants Go There More Than To Europe

    African migrants By Dana Sanchez, 12:29 pm

    Despite reports of inequality and xenophobia, South Africa’s relative wealth and stability continue to draw migrants from all over Africa. South Africa has the highest number of pending asylum claims in the world — more than 1 million. African refugees heading to Europe get disproportionate media coverage. A far greater number would rather seek security and livelihood elsewhere in Africa. Of the world’s 17 million displaced Africans, only about 3 percent are in Europe. The vast majority are in Africa.

  • Tourism

    Mounting Biking In The Atlas Mountains: Seeing Goats In Trees Never Gets Old

    Mounting biking in the Atlas Mountains By Staff, 4:14 pm

    Seeing goats in trees never gets old. Learn how to pour a proper mint tea and see goats hanging out in a tree on a mountain biking trip through the Atlas Mountains. As part of a two-week trip around Morocco, cinematographer Evan Burris Trout did a four-hour Atlas Mountain bike trip. He visited a mountain souk, learned about local customs and experienced Moroccan hospitality during a delicious home-cooked meal at a mountain vacation rental home.

  • Business

    Is Africa Becoming Ground Zero In China’s Campaign To Isolate Taiwan?

    China's campaign to isolate Taiwan By Staff, 1:01 am

    As a Chinese official dangled the possible reward of $40-billion US in desperately needed investments, Nigeria this week hastily ordered the shutdown of a trade office by China’s rival, Taiwan. The Chinese diplomatic offensive has ramped up sharply since last year, when the independence-minded Democratic Progressive Party emerged victorious in Taiwan’s election. Since then, Beijing has lured two more African countries away from Taiwan’s embrace, while also battling to weaken Taiwan’s links to individual African politicians.

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